RE: Steem is taking off like a rocket ship

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Steem is taking off like a rocket ship

in steem •  6 years ago 

Actually Steem's liquidity is rapidly increasing. With 50% of powerdown now all liquid Steem and zero SBD being printed, expect a greater amount of Steem liquidity than ever before.

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Means ppl are giving up steem

Limited supply can be detrimental for a cryptocurrency, low liquidity.

Greater liquidity is also needed as more new people adopt Steem.

Means ppl are giving up steem

We need the big holders to sell, it's actually a small minority that's selling the most. Once they are done selling, then ownership become more decentralized. This is very-very good for any crypto, brings in stability AND greater adoptions, both together becomes a 1-2 punch to leg up to next level, just like BTC jump from:

$0.005 to $0.10

then

$0.10 to $1.00

then

$1.00 to $30.00

then

$30.00 to $200.00

I'm sure you're familiar with the story from $200 onward :D

Hope so, pray for the best and prepare for the worst